Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Norman area can be challenging. Home prices in Norman are now at a median cost of $103,040, lower than the North Carolina average of $226,477.
The average cost of rent is $636/mo in Norman, primarily driven by the current value of real estate in the Norman area. While nearly 55.32% of residents own their homes outright in Norman, 15.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Norman is $4,595 per month. Households that rent pay about 13.83% of their income on rent here. Norman's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Jackson Springs, NC: higher priced homes
- Ellerbe, NC: equally priced homes
- Pekin, NC: less expensive homes
- Candor, NC: higher priced homes
- Ex-Way, NC: less expensive homes
- Onvil, NC: less expensive homes
- Foxfire, NC: higher priced homes
- Seven Lakes, NC: higher priced homes
- Ledbetter, NC: higher priced homes
- Pee Dee, NC: equally priced homes
Cities with Similar Populations
- Richford, NY: equally priced homes
- Nome, TX: higher priced homes
- Oak Flat, TX: higher priced homes
- Olean, MO: higher priced homes
- Olympian Village, MO: higher priced homes
- Pacific City, OR: higher priced homes
- Pittsview, AL: higher priced homes
- Plato, MN: higher priced homes
- Quinby, SC: higher priced homes
- Raleigh, FL: higher priced homes
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